Credit Bureau means in the usage of most consumers that there is at least one negative characteristic. In fact, the Loan Protection Association has data on almost all residents, which are mainly neutral characteristics. Officially, the driver’s license is only a document of a driver’s license, the colloquial language usually does not separate the two terms. Strictly speaking, borrowing is not for the driver’s license, but for the acquisition of the driver’s license.
Borrowing despite a negative Credit Bureau entry
If people apply for a license for a driver’s license despite having a Credit Bureau entry, they are usually over eighteen years old, since minors do not enter into any credit agreements and therefore cannot forfeit any negative credit rating features. Larger driving schools often offer their customers the direct agreement of payment in installments for the entire driving school costs, while smaller institutions only pay the bill for the last driving hours.
A peculiarity exists if the credit for the driver’s license is needed despite a Credit Bureau for a driving license for a truck or a bus. In this case, forwarding agents and transport companies often grant their future employees a cheap or interest-free loan if they commit to driving a predetermined minimum time for the company. In individual cases, the employment agency can grant an interest-free loan for the driver’s license if an unemployed person needs it to take up a new job. Both freight forwarders and transport companies as well as the employment agency see the expected income as credit security and grant the necessary credit for the driver’s license despite Credit Bureau.
Use credits without Credit Bureau for the driver’s license
Swiss banks grant a loan for the driver’s license despite Credit Bureau or without the involvement of credit protection, since they do not have access to the Credit Bureau data anyway. In this case, the borrower does not have to indicate that he wants to use the desired Swiss loan to obtain a driver’s license, but receives it without any purpose. A prerequisite for the approval of a Credit Bureau-free loan from Switzerland is a sufficiently high income, whereby the federal financial institutions do not take into account additional income and require significantly higher minimum income than most German credit institutions.